Automotive Axles, Harita Seating Systems rally on good Q4 results

BSE 26 Sep 17 | 04:01 PM

785.00

6.05 (0.78%)

NSE 26 Sep 17 | 03:47 PM

774.45

-9.1 (-1.16%)

Shares of auto ancillaries companies such as Automotive Axles and Harita Seating Systems rallied by up to 15% on the BSE in intra-day trade after reporting a strong set of numbers for the quarter ended March 2017 (Q4FY17).

Automotive Axles hit a 52-week high of Rs 803, up 15% on BSE in early morning trade, after the company posted 59% growth in net profit at Rs 17.27 crore in Q4FY17. It had profit of Rs 10.87 crore in the same quarter year ago.